Saudi Arabia Denies $51 Billion Deal with Houthi Militias

News Desk

RIYADH: Saudi Arabia has categorically denied a report by the Wall Street Journal claiming that it is involved in a secret $51 billion deal with Houthi militias in Yemen.

The denial comes amid ongoing tensions in the region and concerns over the humanitarian crisis in Yemen.

A senior official from the Saudi Ministry of Foreign Affairs dismissed the report as “completely unfounded,” emphasizing that the Kingdom remains committed to a peaceful resolution to the conflict.

The Wall Street Journal’s article suggested that the Houthis were demanding substantial financial support and power-sharing arrangements, which Saudi officials have firmly rejected.

This denial is significant as it underscores Saudi Arabia’s ongoing efforts to navigate the complex political landscape in Yemen, where the conflict has resulted in one of the world’s worst humanitarian crises.

The Kingdom’s stance may impact its relations with other regional players and influence future negotiations aimed at stabilizing Yemen.

Looking ahead, analysts suggest that Saudi Arabia may pursue diplomatic channels to address the situation, potentially engaging in talks with both Houthi representatives and international stakeholders.

The international community is closely monitoring developments, as any escalation could further complicate peace efforts in the region.